COMMUNITY REINVESTMENT ACT (o}eyeelaiUaiyva corm itexe Cuatro) ©: Office of the Comptrolier of the CurrencyOCC-regulated banks and savings associations are estimated to conduct up to 70 percent of all CRA activity. Making CRA Regulation Work Better for Everyone vty to promote fou neighboehoods and *+ improving te wanspareny and tel of report 94 percent of ANPR comments think the curent CRA lacks objectivity, fronsparency, and feimes. 98 percent think itis applied inconssonty 88 percent say itis hard to understand. 3 CRA perorman: ish ratings and performance CRA ratings incerta ice CRA Background and Authority‘The CRA docs nt sive agencies he authority rent of ANPR comments think cont CRA locks objectviy, tency, and formes. ‘cont think tis opplied steny ‘cont sy iis hard Yo understand. sackground andTo establish the empirical benchmarks, regulators would consider historical CRA tivity compared with domestic depois, ‘Banks would be required to report CRA atvity sca level eliminate concem of single Benefits of More Timely and Transpat smetsur Reporting + enchmarks can be sto incentive mone investment, lending, and services. + More standardized reporting allows comparison across industry and ove